Scale AI raises strategic investment from Meta at over $29B valuation

Scale AI has received a major strategic investment from Meta Platforms, valuing the company at over $29 billion. The deal expands the companies’ commercial partnership and marks a leadership transition at Scale.

Funding details: Not Disclosed (Company valued at over $29 billion) (Unspecified)

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San Francisco–based Scale AI has announced a significant strategic investment from Meta Platforms that values the company at more than $29 billion. The investment deepens the existing commercial partnership between the two companies, aimed at accelerating the deployment of Scale’s data and AI solutions across Meta’s platforms.

As part of the agreement, Scale founder Alexandr Wang will join Meta to contribute to its broader artificial intelligence initiatives. Wang will remain on Scale’s board of directors and continue supporting the company’s long-term mission of building AI systems aligned with human values.

Scale’s board has appointed Jason Droege, the company’s Chief Strategy Officer, as Interim Chief Executive Officer. Droege, who joined Scale in September 2024, brings over two decades of experience from companies such as Uber Eats and Axon, and has played a key role in expanding Scale’s relationships with leading AI labs and enterprise customers.

The company said the proceeds from Meta’s investment will be used to accelerate innovation, strengthen strategic customer partnerships, and provide liquidity to existing shareholders and vested equity holders. Meta will hold a minority stake in Scale following the transaction, while Scale continues to operate as an independent AI company.

Scale stated that it remains focused on delivering secure, high-quality AI data and technology solutions to enterprises, governments, and AI research organizations worldwide. The company emphasized that the expanded partnership with Meta reinforces its long-term vision rather than changing its independent operating model.

Wilson Sonsini Goodrich & Rosati acted as legal advisor to Scale, while Centerview Partners served as financial advisor. Joele Frank supported the company as strategic communications advisor.

Source: Scale AI press release.